Three methods are employed to calculate interest on single-payment loans: the declining balance method,the discount method,and the add-on interest method.

Name: Three methods are employed to calculate interest on single-payment loans: the declining balance method,the discount method,and the add-on interest method.
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This statement is true. The three methods used to calculate interest on single-payment loans are the declining balance method, discount method, and add-on interest method.

Three Methods Are Employed to Calculate Interest on Single-Payment Loans